Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
The inequality that represented this situation is
substitute the values and solve for t
![t \leq [(7,020/4,500)-1]/0.03](https://tex.z-dn.net/?f=t%20%5Cleq%20%5B%287%2C020%2F4%2C500%29-1%5D%2F0.03)
78
because 5 times 2 equals 10 so then u times 39 times 2 and get 78
Answer:
Step-by-step explanation:
24,000 = 24 thousands
30,000 = 30 thousands
3,000 = 3 thousands
2,4000 = 2.4 thousands
"x" years
24 + 3x = 30 + 2.4x
3x - 2.4x = 30 - 24
0.6x = 6
x = <em>10 years</em>
In such type of questions, all that you are supposed to do is, use basic mathematics to eliminate any one of the given two variables.
Check out the equations if in case you can multiply any of the given ones with a -1 and add the two equations,eliminating one of the variables.
If each is similar, then 6 times (5) = 30
therefore 8 times (5) = 6X - 8
40 = 6X - 8
add 8 to both sides 48 = 6X
divide by 6 8 = X
